On October 4, 2018, the Gala cryptocurrency had a month of low prices and almost no activity. But as soon as it reports a new release on October 5th, its price goes up like crazy. Will this be another trend-bucking moment for GALA?
The “why gala coin is pumping” is a question that has been asked many times. GALA is currently trading at it’s bottom, but some believe that the coin could bounce back up again.
While 2021 will be known as the year of NFTs, it was also the year when blockchain-based games began to gain traction. As things stand now, blockchain gaming may boom in 2022 or even later, but 2018 is undoubtedly the year in which a slew of fantastic gaming ventures appeared, establishing a new segment of the crypto economy.
Gala Games, which seeks to transform the gaming business by giving players power over their games and creating “blockchain games you’ll really want to play,” is one of the most renowned among them.
After being largely quiet for the most of its existence, the project drew a lot of attention less than a month ago, signaling that interest is building up.
The price of Gala (GALA) has changed throughout time.
Gala (GALA), the Gala Games project’s native cryptocurrency, did not see much movement throughout its lifespan. The project was started in mid-September 2020 with a price of $0.001534, and it continued to plummet over the rest of the year, beginning at $0.001 and ending slightly above $0.0002.
Things changed for the project on December 28th, 2020, when it abruptly shot back up near $0.0015, entering 2021 with a same price as it had before launch.
The price settled around $0.0013 for the rest of January, before beginning to spike again over the following several months. By mid-March 2021, it had risen to about $0.035, but resistance at this level sent it back down to $0.025, where it remained for the remainder of March and most of April.
A pessimistic tsunami swept through the market when Bitcoin’s price was halved in mid-May, hurting GALA, which fell under $0.005 for the first time in five months. Fortunately, it didn’t take long for it to start rebounding, and this time it even managed to hit a new high by hitting $0.035.
The level resisted being breached, and the coin’s price fell once again in early September as a result. However, just a few days later, the project began to undergo significant changes.
In the second half of 2021, GALA will soar.
GALA price continued to fall after being denied by a resistance at $0.035, until it found support at $0.02 on September 12th. However, the token’s price skyrocketed following that, smashing every resistance it had ever encountered on its way to a new all-time high of $0.12.
However, as remarkable as this seemed at the moment, it was only a taste of what was to come a few months later. GALA temporarily corrected to $0.080 after touching $0.12, only to return to comparable levels and then correct to $0.080. This level supplied GALA with a bottom that enabled it to surge in mid-November 2021, and it acted as a key support during October and early November 2021.
The GALA token began to rise on November 14th, and it rose practically continuously for the following 12 days. On November 26th, it eventually hit a new all-time high of $0.81, making it one among the year’s best performers.
Unfortunately, it did not stay at this new high for long, as it quickly reversed, but was halted by a support at $0.45. Throughout December, this level functioned as the project’s bottom, which was briefly broken on a few times, but the project was primarily focused on breaking through two key resistances — one at $0.55 and the other at $0.65.
It is now experiencing a price reduction as a result of a recent rejection after it sought to get over $0.50. However, the initiative has shown that it has the ability to develop well beyond this point, and the only thing holding it back right now are market circumstances.
Visit our Investing in Gala Games page for more information.
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The “GALA Price Returns to its Bottom, can it Bounce Back Up?” is a question that has been asked by many people. The answer is yes, but not without some work. Reference: how to stake gala token.
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